Schroders Capital Global Innovation Kymab milestone payment
05 Febrero 2024 - 1:00AM
RNS Regulatory News
RNS Number : 9395B
Schroders Capital Global Innovation
05 February 2024
Schroders Capital Global
Innovation Trust Plc
Kymab milestone
payment
Schroders Capital Global Innovation
Trust plc (the "Company") is pleased to announce that it has
received a $5.8 million (c. £4.6 million) distribution related to
the first milestone of the Kymab sale to Sanofi.
In April 2021, the Company announced
the completion of the sale of its shares in Kymab to Sanofi,
generating initial proceeds of $87 million (£65 million). At that
time, the Company explained there was the potential for additional
contingent payments of up to $27 million (£20 million) subject to
the achievement of various development and regulatory milestones.
This announced payment reflects the first milestone event, with the
potential for $21 million of further contingent payments in
the future.
This uplift of c. £4.6 million will
be reflected in the Company's unaudited NAV per share, dated Friday
2 February 2024, published later today.
Enquiries:
Schroder Investment Management
Limited
Shilla Pindoria (Company
Secretary)
|
0207 658 6000
|
Augustine Chipungu
(Press)
|
0207 658 2106
|
John Spedding (Head of Investment
Trusts)
|
0207 658 3206
|
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